After RBI, insurance and market regulators aim to set up virtual testing grounds for fin-tech

Payal Ganguly

After the Reserve Bank of India (RBI) announced its intention to create a sandbox for fintech startups last month, securities ....

21 May, 2019

Policy Wrap : Aadhaar now open for eKYC, RBI’s 2021 vision document sees digital payments rise

Payal Ganguly

Fintech companies can now avail of Aadhaar-based eKYC In a circular dated May 9, the department of revenue, under the Ministry ....

17 May, 2019
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RBI’s vision document envisages six-fold rise in PoS infrastructure by 2021

Payal Ganguly

The Reserve Bank of India has estimated that digital transactions will increase four-fold in the country from Rs 2,069 crore in ....

16 May, 2019

Mobile banking grows but m-wallet growth slows in 2018-19

Payal Ganguly

The volume of mobile banking transactions jumped 230% to around 6.2 billion during the financial year 2018-19, Reserve Bank of ....

14 May, 2019

How financial software giant FIS is making inroads into India

Anand J

US-headquartered Fidelity National Information Services, Inc (FIS) is banking on India's progressive financial sector to make ....

24 April, 2019

RBI omits cryptocurrency from draft framework for fintech sandbox

Payal Ganguly

The Reserve Bank of India (RBI) has left out cryptocurrency from its draft guidelines for a regulatory sandbox aimed at fostering ....

22 April, 2019
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Payments firm Payoneer targets e-commerce sector for India expansion

Payal Ganguly

New York-headquartered Payoneer is exploring new lines of business in India as it looks beyond its staple offerings of cross-border ....

16 April, 2019

WhatsApp tells SC it has identified auditor to inspect payments system

Payal Ganguly

After building out a system to store payment-related data in India last year, messaging service WhatsApp has now identified ....

10 April, 2019

Visa, Mastercard welcome RBI’s intent on democratising retail payments

Payal Ganguly

Global payment technology giants Visa and Mastercard have said that the Reserve Bank of India’s intent to open up the retail ....

4 April, 2019

Amid limits and challenges, Paytm Payments Bank secures nod to cross-sell products

Payal Ganguly

Having secured the central bank’s approval to act as a cross-selling agent, Paytm Payments Bank will soon start marketing ....

3 April, 2019
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WhatsApp Pay yet to comply with data localisation norms: RBI

Payal Ganguly

The Reserve Bank of India has said that WhatsApp has not complied yet with the data localisation guidelines issued in April 2018 ....

29 March, 2019

Amazon rolls out QR code payments in offline push

Payal Ganguly

E-commerce giant Amazon India is introducing a QR-code-based facility for product discovery and payments at offline stores amid ....

27 March, 2019

RBI to set up innovation hub for fintech firms

Binu Paul

The Reserve Bank of India (RBI) said it will set up a fintech innovation hub, for which it is preparing soon-to-be-released guidelines. The ....

26 March, 2019

BookMyShow, PVR face consumer court proceedings over convenience fees

Payal Ganguly

A Right to Information query filed by Hyderabad-based Forum Against Corruption has brought under scrutiny the internet convenience ....

18 March, 2019

SEBI may use sandbox approach to adopt AI, blockchain in markets: Report

Anirban Ghoshal

Indian markets regulator the Securities and Exchange Board of India (SEBI) has been considering taking a "regulatory sandbox" ....

1 March, 2019

NPCI appoints former Kotak and HDFC Bank execs to C-suite positions

Payal Ganguly

The National Payments Corporation India (NPCI) has appointed Praveena Rai, former head of cash management at Kotak Mahindra Bank, ....

22 February, 2019

RBI installs ombudsman for digital payments

Payal Ganguly

Reserve Bank of India (RBI) has launched an ombudsman scheme for digital payments, a little less than three months after the RBI proposed ....

1 February, 2019

SBI leak exposes account data of millions of customers: Report

Anand J

Public sector lender the State Bank of India has secured a leak that exposed account data of millions of customers, a news report ....

31 January, 2019

RBI directs P2P lenders to file quarterly reports on key metrics: Report

Binu Paul

To effectively assess the performance of peer-to-peer (P2P) lending platforms, the Reserve Bank of India (RBI) has directed licence ....

29 January, 2019

Used cars marketplace Cars24 seeks NBFC licence

Payal Ganguly

Online used cars marketplace Cars24 has applied to the Reserve Bank of India for a non-banking financial company (NBFC) licence ....

24 January, 2019

RBI brings out policy paper to encourage new payment system operators

Payal Ganguly

In a bid to encourage competition among payment platforms and reduce the risk of concentration among a few players, the Reserve ....

22 January, 2019